What i do not understand is the fact that it is an offense,in your company, for people in the same environment to trade same strategy.By the way,how do you detect if your customers are related.
Hello clem699,
The worst thing that can ever happen when you are in the finance industry is getting involved in anything related to money laundering or financing of terrorism. We both know that the slightest doubt that you are involved in such case will end you in Guantanamo.
FIG has a team of well trained specialists that monitor all opened accounts all day long. We also ask our clients to send us their identification documents with information about themselves, to be able to identify who they are and what their trading strategies look like.
If you have been following the traces of cases with FIG's clients, you must have noticed that 99% of all cases are a result of some smart guy trying to abuse the affiliate program. I repeat, 99% of the cases are related to the affiliate commissions.
Take a look here:
Figfx scam!!!!!!!!
That is one of those cases where the owner did not even have enough smartness to remove/blur his screenshot of the so-called "scammed accounts". He even posted it online helping us reveal all the accounts he is in control of.
Of course, I will not be able to tell in details how the procedure works. But believe me, the pattern is obvious in most cases.
There has been a case a few days ago with Mr. ChanhD, who was arguing for so long about his commissions. Today, and very surprisingly, I got an email where he simply admitted misunderstanding our affiliate terms "one account per house-hold". Guess what? He was given his access back and all his downline traders as well.
It's not a secret that most forex brokers are formed of people who have been working in bigger/older companies. It's usually experienced people grouping to form something better, than the old one they have been working with. No doubt, FIG has been so successful filtering out trader's accounts that tried to manipulate the system.
[n]hyper[/b]:
Sure friend, I understand that you have been used to companies getting the money from people and never having the guts to show up and tell what actually happened. Now when there is finally someone dedicated to solve clients issues, you're terrified to hell and calling this openly blatant self-righteousness and utter contempt.
Go to any bank of your choice, Just hit the door open and go in. You will soon notice sexy ladies and nice looking gentlemen racing to serve you first..
The next day, try opening the door, entering in, and starting to shout about how high their APR is, how slow their procedures are or maybe call them a scam bank.. You will soon find yourself thrown out, and explained in a way or another that you are simlpy not welcome here anymore.
This is why you will sometimes read my boring posts that seem to be more like newbie tutorials explaining details and backing stories up with screenshots, etc.. And other times, you will find some posts where I make it straight to the point and tell someone to "get lost" of the thread.
Conclusion:
- We do have policies, probably more strict than many other brokers around; but those are our policies and seems like 12K traders like them and are able to live by them. If you do not like them for some reason, it's your call.
- If you are a client at FIG and have an unanswered issue, please feel free to post and ask. Otherwise, read the bank explanation above.
Have a pleasant weekend everybody
